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CORRECTION to WATCH LIST PRICES for Initial DECEMBER RECOMMENDED PLAYS 11-11-06

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Just a quick CORRECTION to the WATCH LIST PRICES for our DECEMBER 2006 RECOMMENDATED list

( see WATCH LIST price corrections in RED
). Everything else is correct as is. PETS WATCH LIST PRICE is $13.00 and FRG WATCH LIST PRICE is $8.00

We are recommending put writes on the following issues:

DPTR - DELTA PETROLEUM CORP. is engaged in the acquisition, exploration, development and production of oil and gas properties. As of June 30, 1996, the Company had varying interests in 90 gross (14.88 net) productive wells located in four states. The Company has undeveloped properties in five states, including interests in four federal units and one lease offshore California near Santa Barbara.

PETS - Petmed Express is America's largest pet pharmacy, delivering prescription and non-prescription pet medications and health and nutritional supplements for dogs and cats at competitive prices direct to the consumer through its 1-800-PetMeds toll free number and on the Internet.

FRG - Fronteer Development Group Inc. is principally a company engaged in the acquisition and exploration of mineral properties. The Company began concentrating its efforts in the area of mineral exploration in June of 2001. Prior to that, it was involved in the development, building and marketing of residential real estate properties, concentrating in the Province of Ontario.

We are recommending the following specific put writes:

DPTR $27.29
SELL DEC 22.5 PUT = QHR-XX
Target Price $50.00
Potential Profit(10 x = $500.00
Initial Margin $5,958 10 (contracts)
Return on Investment 8.39%
Cost Basis in Stock = $22.00
Days to Expiration = 35
Stock goes on Watch List Price at: $25.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

PETS $13.27
SELL DEC 12.50 PUT =
TRQ-XV
Target Price $30.00
Potential Profit(10 x = $300.00

Initial Margin $2,954 10 (contracts)
Return on Investment 10.16%
Cost Basis in Stock = $12.20
Days to Expiration = 35
Stock goes on Watch List Price at: $13.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50


FRG $8.25
SELL DEC 7.50 PUT =
FRG-XU
Target Price $35.00
Potential Profit(10 x = $350.00
Initial Margin $2,000 10 (contracts)
Return on Investment 17.50%
Cost Basis in Stock = $7.15
Days to Expiration = 35
Stock goes on Watch List Price at: $8.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $7.50

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